Rsmereka Trading Journal

[rsmereka]

It was another good week trading my live account. Results:

Account performance, all EA's
total trades: 5
won: 5
lost: 0
net profit: $327.93
roi: 8.58%
pips: 30.7
Performance of EA MegaDroid
total trades: 2
won: 2
lost: 0
net profit: $230.59
roi: 5.98%
pips: 18.7
Performance of EA The Channel Scalper
total trades: 3
won: 3
lost: 0
net profit: $97.34
roi: 2.6%
pips: 12.0

It was a massive loss week with my demo account. Results:

Account performance, all EA's
total trades: 5
won: 2
lost: 3
net profit: $-5644.68
roi: -33.36%
pips: -52.4
Performance of EA Titan (EURCHF)
total trades: 0
Performance of EA Titan (EURGBP)
total trades: 5
won: 2
lost: 3
net profit: $-5644.68
roi: -33.36%
pips: -52.4
Performance of EA Titan (both pairs)
total trades: 5
won: 2
lost: 3
net profit: $-5644.68
roi: -33.36%
pips: -52.4

Rick

[rsmereka]

Another good week trading my live account. Results:

Account performance, all EA's
total trades: 10
won: 10
lost: 0
net profit: $601.11
roi: 14.02%
pips: 53.6
Performance of EA MegaDroid
total trades: 3
won: 3
lost: 0
net profit: $335.43
roi: 7.99%
pips: 25.6
Performance of EA The Channel Scalper
total trades: 7
won: 7
lost: 0
net profit: $265.68
roi: 6.03%
pips: 28.0

Another wild week trading Titan on my demo account. This week, it made almost all the previous week loss back. Results:

Account performance, all EA's
total trades: 23
won: 22
lost: 1
net profit: $5510.02
roi: 37.31%
pips: 90.8
Performance of EA Titan (EURCHF)
total trades: 9
won: 8
lost: 1
net profit: $899.0
roi: 6.51%
pips: 28.9
Performance of EA Titan (EURGBP)
total trades: 14
won: 14
lost: 0
net profit: $4611.02
roi: 30.8%
pips: 61.9
Performance of EA Titan (both pairs)
total trades: 23
won: 22
lost: 1
net profit: $5510.02
roi: 37.31%
pips: 90.8

Rick

[willhuang]

megadroid is impressive.... does it ever lose at all? what is your DD?

[rsmereka]

Originally Posted by willhuang

megadroid is impressive.... does it ever lose at all? what is your DD?

DD is minimal right now. I have not had an MD loss on my live account since Feb 18th but like all scalpers, it was a big loss at over 60 pips.

Last night was an interesting example of MD's intelligence. The trade was not going that well, so MD dumped it for a small gain instead of hanging onto it for a loss.

IMHO, MD is the best scalping EA on the market today and it is the only one (knock on wood) that is long-term (read years) profitable. But since it trades so infrequently, it needs another EA as a helper. Something that will not conflict with MD and preferably an EA that does not trade the same time window.

Rick

[rsmereka]

Another good week trading my live account. Both EA's did a good job with The Channel Scalper being the star. Results:

Account performance, all EA's
total trades: 7
won: 7
lost: 0
net profit: $309.05
roi: 6.49%
pips: 26.8
Performance of EA MegaDroid
total trades: 2
won: 2
lost: 0
net profit: $101.48
roi: 2.14%
pips: 6.8
Performance of EA The Channel Scalper
total trades: 5
won: 5
lost: 0
net profit: $207.57
roi: 4.35%
pips: 20.0

It was a busy and moderately losing week trading my demo account. Results:

Account performance, all EA's
total trades: 15
won: 12
lost: 3
net profit: $-377.55
roi: -0.32%
pips: 4.5
Performance of EA Titan (EURCHF)
total trades: 6
won: 4
lost: 2
net profit: $459.72
roi: 2.42%
pips: 7.3
Performance of EA Titan (EURGBP)
total trades: 9
won: 8
lost: 1
net profit: $-837.27
roi: -2.74%
pips: -2.8
Performance of EA Titan (both pairs)
total trades: 15
won: 12
lost: 3
net profit: $-377.55
roi: -0.32%
pips: 4.5

Rick

[rsmereka]

Another good week trading my live account. Results:

Account performance, all EA's
total trades: 8
won: 8
lost: 0
net profit: $479.88
roi: 9.33%
pips: 38.6
Performance of EA MegaDroid
total trades: 2
won: 2
lost: 0
net profit: $217.12
roi: 4.21%
pips: 14.6
Performance of EA The Channel Scalper
total trades: 6
won: 6
lost: 0
net profit: $262.76
roi: 5.12%
pips: 24.0

It was also a strong profitable week trading my demo account. Results:

Account performance, all EA's
total trades: 6
won: 6
lost: 0
net profit: $1866.68
roi: 10.27%
pips: 32.2
Performance of EA Titan (EURCHF)
total trades: 5
won: 5
lost: 0
net profit: $1400.83
roi: 7.79%
pips: 27.9
Performance of EA Titan (EURGBP)
total trades: 1
won: 1
lost: 0
net profit: $465.85
roi: 2.48%
pips: 4.3
Performance of EA Titan (both pairs)
total trades: 6
won: 6
lost: 0
net profit: $1866.68
roi: 10.27%
pips: 32.2

Rick

[pipdetector]

Originally Posted by rsmereka

IMHO, MD is the best scalping EA on the market today and it is the only one (knock on wood) that is long-term (read years) profitable. But since it trades so infrequently, it needs another EA as a helper. Something that will not conflict with MD and preferably an EA that does not trade the same time window.

I agree. I have been testing a combination of MD and Pipstrider for 2 months.

Check this out:

http://www.myfxbook.com/members/pipd...dps-itfx/37611

I will finish the demo in a couple of days. Generally, the problems with Pipstrider's martingale strategy still remain and the only solution that I see so far is periodic withdrawal of the funds from the account and/or changing the settings to less and less aggressive as soon as the first rapid growth stage is finished (eg. when the account doubles).

[rsmereka]

Originally Posted by pipdetector

I agree. I have been testing a combination of MD and Pipstrider for 2 months.

Check this out:

http://www.myfxbook.com/members/pipd...dps-itfx/37611

I will finish the demo in a couple of days. Generally, the problems with Pipstrider's martingale strategy still remain and the only solution that I see so far is periodic withdrawal of the funds from the account and/or changing the settings to less and less aggressive as soon as the first rapid growth stage is finished (eg. when the account doubles).

Looks really good,

When you say that you will finish the demo, are you going to proceed with a live/real money account?

In regards to Pipstrider, what does Forex Goldmine recommend? I have to say that I am very uneasy with this EA.

I took a look at your MyFXBook page and noticed some GBPUSD trades. Which EA do these belong to? As I understand it Pipstrider trades only AUDCAD...right?

Rick

[pipdetector]

Originally Posted by rsmereka

Looks really good,

When you say that you will finish the demo, are you going to proceed with a live/real money account?

In regards to Pipstrider, what does Forex Goldmine recommend? I have to say that I am very uneasy with this EA.

I took a look at your MyFXBook page and noticed some GBPUSD trades. Which EA do these belong to? As I understand it Pipstrider trades only AUDCAD...right?

Rick

Pipstrider can trade any currency pair . Goldmine team recommends AUDCAD, but on the demo I used AUDCAD and CHFJPY, they seem to have similar characteristics and they seemed to work quite well. GBPUSD are occasional manual trades that I test on this account.

I have been using Pipstrider on a real account. So far it yielded ca 12% in one month. I used PS only on this pair and I have not used MD on this account yet.

Another use for Pipstrider is to ride trends (you set it to buy or sell only), the martingale + disrupter seem a good way to get out of the trend if it weakens or changes. I am testing this with other currency pairs.

[rsmereka]

Originally Posted by pipdetector

Pipstrider can trade any currency pair . Goldmine team recommends AUDCAD, but on the demo I used AUDCAD and CHFJPY, they seem to have similar characteristics and they seemed to work quite well. GBPUSD are occasional manual trades that I test on this account.

I have been using Pipstrider on a real account. So far it yielded ca 12% in one month. I used PS only on this pair and I have not used MD on this account yet.

Another use for Pipstrider is to ride trends (you set it to buy or sell only), the martingale + disrupter seem a good way to get out of the trend if it weakens or changes. I am testing this with other currency pairs.

It sounds like you are having a lot of fun with Pipstriper,

You have also found a worthy companion for MegaDroid and a more rounded trading methodology that fits your trading style.

I think that I also have found another companion for MegaDroid and The Channel Scalper but it's too early to say for certain. Forex Photon has done a really good job in July on an Alpari UK demo account (I finally got access to MyFXBook to check this, see MyFXBook Rant). In it's first (incomplete) month, it racked-up 38.82% in a month where scalpers did really well in the first part of the month and really lame (the good ones just stayed out) in the last week of the month. I will be writing more about this once I do the month-end stuff.

Forex party on dude

Rick